First Medical Insurance Compant a Risk Retention Group

Colchester, Vermont

B+Health Score
70B+

Financial Health Score

9-metric score across financial health, operational efficiency, and organizational resilience. Based on IRS Form 990 data.

Good

How This Organization Compares

Compared to 22 peers in Mutual & Membership Benefit with $10M-$100M revenue

Working Capital Ratio (net assets ÷ expenses)

This Org2.89×
Peer Median10.70×
💰
$21.2M
Total Revenue
📊
$12.6M
Total Expenses
🏦
$36.6M
Net Assets
📋
$69.6M
Total Liabilities

Financial Trends

5-Year Trend Analysis

Financial Health Indicators

Revenue Growth
+13.2%
Year-over-year change (2022 → 2023)
Net Margin
+40.2%
Revenue minus expenses as % of revenue
Working Capital Ratio
2.89
Net assets divided by total expenses
Liabilities-to-Assets
65.6%
Total liabilities as % of total assets

Filing History

13 filings on record
YearRevenueExpensesAssets
2023$21,164,705↑13%$12,649,099↓10%$106,140,016↑15%
2022$18,702,381↑22%$14,078,595↓4%$92,427,299↓10%
2021$15,354,853↓27%$14,722,958↑18%$102,134,145↑8%
2020$20,919,271↑28%$12,440,751↑45%$94,675,337↓4%
2019$16,348,817↑3%$8,555,230↓19%$98,620,862↑9%
2018$15,871,406↑10%$10,504,169↓6%$90,171,920↓21%
2017$14,491,583↓1%$11,219,740↓2%$114,057,097↑17%
2016$14,624,814↑8%$11,502,987↑66%$97,164,855↓9%
2015$13,568,493↓16%$6,925,186↑8%$106,862,148↑5%
2014$16,244,973↑1%$6,435,651↓14%$101,935,720↓16%
2013$16,014,594↓15%$7,507,826↑28%$120,918,146↑9%
2012$18,844,870↑3%$5,885,682↑11%$110,536,071↓2%
2011$18,315,345$5,288,560$113,182,074

Frequently Asked Questions

What does First Medical Insurance Compant a Risk Retention Group do?▼

First Medical Insurance Compant a Risk Retention Group is a mutual & membership benefit nonprofit organization based in Vermont. It is classified under NTEE code Y200 and is registered as a 501(c) tax-exempt organization with the IRS.

Is First Medical Insurance Compant a Risk Retention Group financially healthy?▼

Based on our 9-metric Financial Health Score model, First Medical Insurance Compant a Risk Retention Group has a score of 70/100 (Grade: B+). This score evaluates working capital, surplus consistency, debt ratio, revenue trends, program spending, fundraising efficiency, executive compensation, revenue diversification, and vulnerability indicators.

How much revenue does First Medical Insurance Compant a Risk Retention Group generate?▼

First Medical Insurance Compant a Risk Retention Group reports $26.5M in annual revenue and holds $110.5M in total assets, based on IRS filings.

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